This thread is designed for punters to tip any share or shares they like from Blue Chips to Penny Stocks.
YOU CAN RAMP AS MUCH AS YOU LIKE or you can be a constructive market analyst, please yourself. Drivers Tip, Buy Low Sell High
A good time to get back or top up on (U) uranium stocks VML and URA both look good and are recovering from their lows.
Posted on: February 17, 2008 | about stocks:
The past nine months have been very rough for investors in uranium equities, and our long-term chart for the Canadian Uranium Average fully supports this statement, but it appears as though the industry has bottomed and is now on its way up.
Our index fell all the way down to 141.87 on February 8, 2008 from a high of 325.915 on August 9, 2007 and the losses were across the board with only a few winners in that time-frame.
As you can see by the chart below, it appears that in the past week we tested lows set in late January, pretty much held those levels with minimum further movement to the downside. Now uranium equities are moving upwards to test the recent high set on January 24 of this year. If we can get through that level we can move much further as momentum is currently on our side with Cameco (CCJ) recently being upgraded and all things considered a commodity are moving strongly upwards.
Quietly producing solid rates while rapidly increasing production via an aggressive infill drilling programme. 193bopd at current, with the results of 4 wells just being completed due in 2-3 weeks time. These are expected to produce anywhere between 15-40bopd per well. Shallow wells so relatively cheap to drill. In addition they are about to start a pilot steam injection test (final permit granted last week). All 100% Net interest.
relishing
Yes I agree
Market cap? 6m! Soon to be 24m IMO with an sp of 20p+ SER cannot keep increasing production on this scale with out any reaction to the share price now is a very good time to buy in or top up.
A re-rating is inevitable and in the not too distant future if things continue to go to plan. And I agree with the values you mentioned.
SER can currently be described as 'under the radar' but that could all change pretty soon if the fundamentals continue to build and as the PR effort is stepped up.
SER produced a very bullish drilling update today, drilling new wells and with steaming still to come massively increasing their oil output with finals coming up in the next two months and the sp still under 7p M/Cap at about 7m this is a very strong buy.
Which one TIME or CFU?
To be honest CFU looks more of a sure-thing (look at the chart) for short-term movement, and with some meaty buys going through today. TIME looks technically oversold and when it rallies it tends to do it in style. I've bought 25k shares in each stock.
Regarding SER - hard to believe maybe but this Wednesday will be 3 weeks since the last announcement when they stated the Snow wells should be online in around a week. Surely production rate figures must be due out any day now.
It will be also 3 weeks on Friday since steaming was scheduled to begin, so should also be getting an update on progress there.
Have a look at MMS as well if you are into mining stocks. News due (assay results, JORC resource) on there very shortly and the shares are currently available at a silly cheap price. I added 25k at 4.05p today myself.
check out GVC which has been steadily rising--there is a whisper of a bid coming after large amounts of stock buying lately. Afren AFR is also coming onto the market radar. one which is unloved but I have faith in is Blinkx --the number of deals it has signed is incredible so I've tucked them away long term until it produces good results. An eventual giant like google I hope!!
Oil, Gas and Uranium stocks are what you should be in SER will soon produce their new flow rates from the new wells plus steaming results when these are out the sp will head north sharpish
IVE news out Operations Update in Kansas new wells online with plenty more to come IVE looks a multi bagger I.M.O
VML no news for a while massive volume last week, news could break at any time the sp is very low considering they are producing Gold and Silver daily with no Uranium exploration in the sp BUY.